Cryptocoins News / Finance Magnates - 3 months ago
The Asia-Pacific (APAC) region is at the forefront of the global financial service industry’s growth, where traditional finance (TradFi) intersects with the burgeoning world of digital assets. As crypto, blockchain technology, and decentralized finan...
Cryptocoins News / Finance Magnates - 3 months ago
The cryptocurrency exchange BingX has introduced a new feature called Pre-Launch Futures. This addition allows users to trade futures contracts on tokens before the tokens are officially listed. By participating in Pre-Launch Futures, traders can pre...
Cryptocoins News / Finance Magnates - 3 months ago
An Australian federal court today (Friday) ruled that Bit Trade Pty Ltd, which operates the Kraken crypto exchange in the country, violated the design and distribution obligations (DDO) while offering margin trading products to local customers.A Part...
Cryptocoins News / Finance Magnates - 3 months ago
Hong Kong’s push to become a digital-asset hub is facing challenges as uncertainty grows over whether 11 cryptocurrency exchanges will successfully obtain full licenses. These firms had received initial approvals earlier this year.The Securities and...
Cryptocoins News / Finance Magnates - 3 months ago
Binance, the world's largest cryptocurrency exchange, plans to hire 1,000 new employees this year, with a significant focus on bolstering its compliance team, according to CEO Richard Teng.Binance Expands Workforce, Boosts Compliance EffortsDuring an...
Cryptocoins News / Finance Magnates - 3 months ago
NBA star Jimmy Butler and crypto YouTuber Ben Armstrong, known as “BitBoy,” have agreed to settle a class action lawsuit brought against them for promoting alleged unregistered securities sold by Binance, paying a combined total of $340,000.Butler ha...
Cryptocoins News / Finance Magnates - 3 months ago
Bitfarms has expanded its operations in the US with the acquisition of Stronghold Digital Mining in a stock-for-stock merger valued at approximately $125 million. The agreement also includes an additional assumption of $50 million in debt. According...
Cryptocoins News / Finance Magnates - 3 months ago
State Street has announced a new partnership with Swiss cryptocurrency firm Taurus. This collaboration aims to expand State Street's digital asset services, including the creation of tradeable tokens from real-world assets. As cryptocurrencies have b...
Cryptocoins News / Finance Magnates - 3 months ago
The publicly listed Bitcoin (BTC) miner from Wall Street, Core Scientific (NASDAQ: CORZ), has repaid $267 million in debt using proceeds from its recently closed convertible senior notes offering.Core Scientific Pays Down $267 Million in DebtThe debt...
Cryptocoins News / Finance Magnates - 3 months ago
Cryptocurrency-related crime is evolving in 2024, with hackers increasingly targeting centralized exchanges and ransomware attacks reaching new heights, according to a mid-year report from blockchain analytics firm Chainalysis.Crypto Crime Trends Shi...
Cryptocoins News / Finance Magnates - 3 months ago
Binance and its former CEO, Changpeng Zhao, are facing yet another class action lawsuit, this time brought by three cryptocurrency investors who allege that the exchange failed to prevent money laundering. The lawsuit was filed last Friday in the U.S...
Cryptocoins News / Finance Magnates - 3 months ago
A publicly listed Bitcoin (BTC) miner from Wall Street, BitFuFu Inc. (NASDAQ: FUFU), has reported a significant increase in crypto mining costs and a sharp decline in net income for the second quarter of 2024, despite strong revenue growth.Bitcoin Mi...
Cryptocoins News / Finance Magnates - 3 months ago
Germany’s Federal Financial Supervisory Authority, known by its abbreviation BaFin, has seized approximately 25 million euros ($28 million) in cash in a nationwide crackdown against cryptocurrency automated teller machines (ATMs).Crackdown on Crypto...
Cryptocoins News / Finance Magnates - 3 months ago
Nigeria's financial regulator is preparing to license cryptocurrency exchanges. The country's Securities and Exchange Commission (SEC), headquartered in Abuja, is set to unveil its inaugural licenses for digital and tokenized assets this month, Bloom...
Cryptocoins News / Finance Magnates - 3 months ago
Binance claims to have thwarted potential losses of over $2.4 billion In the first seven months of 2024, safeguarding more than 1.2 million users from scams and fraudulent activities. The exchange's risk management reportedly detected and blocked fra...
Cryptocoins News / Finance Magnates - 3 months ago
The crypto exchange and Web3 company Bitget has announced the integration of Apple Pay and Google Pay into its platform, enabling users to convert fiat currency to cryptocurrency within 30 seconds. This move is part of Bitget's strategy to enhance ac...
Cryptocoins News / Finance Magnates - 3 months ago
The Seychelles National Assembly has approved a draft bill aimed at regulating virtual asset service providers (VASPs). Finance Minister Naadir Hassan presented the bill, which is part of Seychelles' broader strategy to address risks associated with...
Cryptocoins News / Finance Magnates - 3 months ago
Mango Markets, a leading decentralized crypto exchange on the Solana blockchain, is seeking community votes on the settlement proposal with the US Securities and Exchange Commission (SEC) for allegations of securities law violations.A Unique Approach...
Cryptocoins News / Finance Magnates - 3 months ago
Publicly listed Bitcoin (BTC) mining companies from Wall Street are exploring new avenues for revenue generation, with a focus on high-performance computing (HPC) and artificial intelligence (AI), according to recent analysis from investment manageme...
Cryptocoins News / Finance Magnates - 3 months ago
Cryptocurrency exchange Bybit has launched the Bybit P2P Shield, a program designed to provide financial protection to users impacted by fraudulent activities on its platform. According to the company, this initiative aims to restore trust and confid...
Cryptocoins News / Finance Magnates - 3 months ago
DeFinity Markets has secured approval from the Jersey Financial Services Commission (JFSC) to launch an investment-grade digital assets matching and settlement platform. According to the company's statement, this initiative leverages Jersey’s Virtual...
Cryptocoins News / Finance Magnates - 3 months ago
Bitwise Asset Management has announced its acquisition of ETC Group, a London-based issuer of cryptocurrency exchange-traded products (ETPs). The acquisition includes ETC Group’s portfolio of over $1 billion in assets under management. This move mark...
Cryptocoins News / Finance Magnates - 3 months ago
Bitcoin (BTC) mining profitability experienced a slight decline in July compared to the previous month, according to a recent report from investment bank Jefferies. The analysis points to a drop in Bitcoin's price as the primary factor impacting mine...
Cryptocoins News / Finance Magnates - 3 months ago
Coinbase, KuCoin, Gate.io, and several other small and large cryptocurrency brands are now attempting to obtain business licences in Turkey, according to an updated list published by the Capital Markets Board of Türkiye.Top Companies Seek Turkish Lic...
Cryptocoins News / Finance Magnates - 3 months ago
Few assets have had as wild of a journey over the past decade as Bitcoin, with the leading crypto poised to make further waves in 2024. Despite all its ups and downs, Bitcoin still reigns supreme with the largest cap of any crypto and unquestionable...
